Overview
What is The Drg Foundation?
The Drg Foundation is a philanthropic organization situated in Corte Madera, California (CA 94925). Committed to fostering academic, athletic, and artistic pursuits among Bay Area students, they grant financial aid to Marin Catholic High School in Marin, California, San Domenico School in San Anselmo, California, and the University of Miami in Miami, Florida. The foundation specifically allocates these funds for student scholarships. Furthermore, they support various art and athletic programs and contribute to enhancing related facilities within the San Francisco Bay Area. Notably, they recently provided two grants totaling $55,000 to aid one school in hiring an art teacher and a resource teacher.
Official website here: www.thedgfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Drg Foundation has earned a Three-Star rating from Charity Navigator, indicating a relatively strong performance in the area of Accountability & Finance. The foundation's overall score is based entirely on its accountability metrics, which are commendable with a score of 77%. This rating reflects the organization’s emphasis on transparency and responsible financial management, which is crucial for donor trust.
Among its strengths, the Drg Foundation boasts a fully independent board, scoring 8 out of 8 points, and demonstrates effective governance practices by having a well-documented conflict of interest policy and policies for document retention. The organization has also reported no material diversion of assets and maintains an excellent program expense ratio of 81.55%, indicating that a significant portion of its resources is directed towards its mission-driven activities.
However, there is a noted limitation regarding the absence of a whistleblower policy, which received a score of 0 out of 4 points. This gap could raise concerns about the organization's internal reporting mechanisms. Overall, while the Drg Foundation shows strong fiscal responsibility, it could benefit from enhancing its governance policies to further bolster its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Drg Foundation legitimate?
The Drg Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Drg Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.thedgfoundation.org
What is the mission statement of The Drg Foundation?
The Drg Foundation is committed to supporting academically, athletically, and artistically inclined students in various Bay Area institutions. They offer financial aid through scholarships to Marin Catholic High School in Marin, California, San Domenico School in San Anselmo, California, and the University of Miami in Miami, Florida. Beyond scholarships, the foundation also invests in enhancing art and athletic programs and facilities across the San Francisco Bay Area. Their mission is geared towards empowering these gifted students to excel in their chosen fields.
Official website here: www.thedgfoundation.org
Who is the CEO of The Drg Foundation?
Richard Ghilotti is the President of The Drg Foundation.
Official website here: www.thedgfoundation.org
What is the revenue of The Drg Foundation?
The Drg Foundation's revenue in 2022 was $986,039.
Official website here: www.thedgfoundation.org
Who are the executives of The Drg Foundation and what are their salaries?
There 17 volunteers at The Drg Foundation.
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Official website here: www.thedgfoundation.org
Where can I find the form 990 for The Drg Foundation?
The Drg Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thedgfoundation.org
Learn more at the official website: www.thedgfoundation.org
Mission Statement of The Drg Foundation
The Drg Foundation is committed to providing financial aid to students in the Bay Area who exhibit a strong passion for academics, athletics, and the arts. This nonprofit organization distributes grants to three educational institutions: Marin Catholic High School in Marin, California, San Domenico School in San Anselmo, California, and the University of Miami in Miami, Florida. These grants are primarily allocated for student scholarships. Beyond scholarships, The Drg Foundation also supports artistic and athletic programs at these institutions and contributes to enhancing their corresponding facilities. The organization's dedication extends beyond these specific schools, as it also supports art and athletic programs throughout the San Francisco Bay Area, aiming to enrich the educational and extracurricular experiences of countless students.
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Impact
July, 2024
The Drg Foundation's impact is felt primarily in the Bay Area educational community, where it provides essential financial support to students who demonstrate dedication and talent in academics, athletics, and the arts. Through grants allocated to schools such as Marin Catholic High School, San Domenico School, and the University of Miami, the foundation enables deserving students to pursue their passions through scholarships. In addition, the foundation supports art and athletic programs, as well as enhancements to art and athletic facilities throughout the San Francisco Bay Area. The organization's commitment to fostering well-rounded educational experiences and opportunities for aspiring students is a testament to its dedication to empowering the next generation of leaders in various fields.
This information is meant to be a general summary of The Drg Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $845,165
- Gross Receipts: $6,858,513
Assets and Liabilities:
- Total Assets: $7,239,511
- Total Liabilities: $0
- Net Assets: $7,239,511
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Organization Details
Founding Year
2013
Phone
(707) 540-5722Principal Officer
Richard Ghilotti
Main Address
206 Baltimore Avenue, Corte Madera, CA, 94925
Website
www.thedgfoundation.orgNTEE Category
Code: Z99 - Unknown
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